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Breaking: Further $105m federal-state bailout announced for Nyrstar smelters
Key takeaways
- The latest funding package helps secure the jobs of hundreds of workers at the Hobart and Port Pirie smelters.
- Last August, Nyrstar received a $135 million joint funding package from the governments to keep the smelters in Hobart and Port Pirie in operation.
- That funding — a $57.5 million contribution from the federal government, $55 million from South Australia, and $22.5 million from Tasmania — expired on May 1 this year.
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The latest funding package helps secure the jobs of hundreds of workers at the Hobart and Port Pirie smelters. (ABC News: Luke Bowden)
Link copied Share Share article. A further $105 million federal and state funding package has been announced for struggling Nyrstar smelters in Tasmania and South Australia.
Last August, Nyrstar received a $135 million joint funding package from the governments to keep the smelters in Hobart and Port Pirie in operation.
Article preview — originally published by ABC Australia. Full story at the source.
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